Monday, March 21, 2011

DailyMarkets.com - Patterson Co. Enhances Return

DailyMarkets.com - Patterson Co. Enhances Return

Patterson Co. Enhances Return

Posted: 21 Mar 2011 12:05 PM PDT

Leading distributor of dental, veterinarian and rehabilitation medical supplies Patterson Companies Inc. (NASDAQ:PDCO) has raised its quarterly dividend to 12 cents a share from 10 cents, representing a 20% hike. This lifts the annual dividend to 48 cents per share from the current payout of 40 cents and equates to a dividend yield of roughly 1.5%. The revised quarterly dividend is payable on April 28, 2011, to shareholders of record as on April 11, 2011.
Separately, the Minnesota-based company's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

PetroChina Signs Deal With Aramco

Posted: 21 Mar 2011 12:05 PM PDT

PetroChina Co. Ltd. (NYSE:PTR), a unit of China National Petroleum Corp., or CNPC signed a Memorandum of Understanding (MoU) with the Saudi oil giant Aramco Overseas Company. Both companies will jointly build a refinery with 10 million metric tons per annum grassroots full conversion capacity in southern China.

Under the long-term contract, the state-controlled Aramco will supply the refinery with Arabian crude oil, while PetroChina will be involved in marketing and selling of the refined … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GM Korea To Reduce Output

Posted: 21 Mar 2011 12:05 PM PDT

The Korean arm of General Motors Co. (NYSE:GM), GM Daewoo Auto & Technology Inc. or GM Korea Co., announced that it will reduce output at two of its three plants in South Korea on the back of parts shortage due to damages caused by earthquake and tsunami in Japan.. The automaker will reduce overtime at the plants, leading to a loss of 10% of production from its current output of 70,000 to 80,000 units each month.
GM Daewoo is the third largest automobile manufacturer in South Korea. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Disappointing 4Q For Celera

Posted: 21 Mar 2011 12:05 PM PDT

Celera Corporation (NASDAQ:CRA) reported an EPS of 3 cents in the fourth quarter of fiscal 2010, compared to 4 cents in the year-ago quarter. However, excluding one-time items, the loss was of a penny, missing the year-ago quarter's adjusted EPS of 2 cents. The Zacks Consensus Estimate was a loss of 5 cents for the quarter.

For the full year, Celera witnessed a huge increase in adjusted net loss per share to 28 cents from 6 cents in the previous year. However, the Zacks Consensus Estimate was a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ford’s Focus Plant Revamped

Posted: 21 Mar 2011 12:05 PM PDT

Ford Motor Co. (NYSE:F) has opened its revamped plant in Wayne, Michigan after spending $550 million on its retooling. The plant is well equipped with flexible manufacturing and environmentally friendly practices as well as a highly trained work force. It will produce new electric Focus and other gasoline-powered, battery electric, hybrid electric and plug-in hybrid electric vehicles.
 
With flexible manufacturing system, workers can build multiple models on one or more platforms in the same … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Genworth’s New Senior Appointment

Posted: 21 Mar 2011 12:05 PM PDT

Genworth Financial Inc. (NYSE:GNW) named Martin P. Klein as its new senior vice president and chief financial officer. His appointment as senior vice president will be effective from April 11, 2011. He will become chief financial officer after the company files its 10-Q quarterly report for the first quarter of 2011.

Klein was a managing director at Barclays Capital leading the Insurance Solutions Group and Pension Solutions Group that provide strategic advisory services and capital market … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Shoe Carnival Steps Up

Posted: 21 Mar 2011 11:35 AM PDT

Shoe Carnival Inc. (NASDAQ:SCVL) recently posted fourth quarter earnings of 33 cents per share, beating the Zacks Consensus Estimate of 31 cents and showing a marked improvement from 20 cents earned in the year-earlier quarter.

The better-than-expected results were attributable to a surge in demand for footwear as well as higher quarterly gross margin. The company's full-year earnings per share were $2.05 versus $1.20 in fiscal 2009.

Net sales grew 5.3% year over year to $179.9 million during … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Buckeye Buys $225M BP Assets

Posted: 21 Mar 2011 11:25 AM PDT

Buckeye Partners L.P. (NYSE:BPL) has agreed to buy 33 refined petroleum products terminals and nearly 1,000 miles of refined petroleum products pipelines from BP Products North America Inc., a wholly owned subsidiary of BP Plc (NYSE:BP). Buckeye Partners will pay $225 million to the British oil major for these assets.

The refined products terminals to be acquired by Buckeye Partners have a current storage capacity of over 10 million barrels. As a part of the acquisition of pipelines Buckeye … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Safety First At AEP Nuclear Plants

Posted: 21 Mar 2011 11:25 AM PDT

American Electric Power (NYSE:AEP) announced that its Indiana Michigan Power's 1,030 megawatt (MW) Cook Nuclear Plant Unit 1 was brought back on-line after a planned routine maintenance on the unit’s main generator. The company has received licenses from the Nuclear Regulatory Commission (NRC) to operate the unit till 2034.
The planned maintenance outage required the power plant to go offline for 5 days and 20 hours. Such outages, planned and intentional, at nuclear power plants are essential … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Quest To Acquire Celera

Posted: 21 Mar 2011 11:25 AM PDT

Recently, Quest Diagnostics (NYSE:DGX) decided to acquire Celera Corporation (NASDAQ:CRA) for $8 per share, representing a transaction value of $344 million, after taking into account $327 million of cash and short-term investments. Moreover, the transaction value will be lower based on realization of a significant portion of Celera’s available tax credit, carry forward of net operating loss and capitalized R&D, which amounted to $117 million at the end of 2010.
Through the acquisition of Celera, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Good News For Bristol-Myers

Posted: 21 Mar 2011 11:25 AM PDT

Recently, an advisory panel of the European Medicines Agency (EMA) delivered a positive opinion regarding the European approval of Bristol-Myers' (NYSE:BMY) blood-thinner Eliquis (apixaban).
Eliquis, co-developed with Pfizer Inc. (NYSE:PFE), won the backing of the advisory panel, committee for medicinal products for human use, for preventing venous thromboembolic events in adults (VTE) who have undergone elective hip or knee replacement surgery.
The advisory panel recommended the European approval … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Used Home Sales Plunge

Posted: 21 Mar 2011 11:05 AM PDT

In February, existing home sales ran at a seasonally adjusted annual rate of 4.88 million. That pace is 9.6% lower than in December, and 2.8% below the year-ago rate. The February sales rate was below consensus expectations of a 5.05 million annual rate.

On the other hand, January was revised up from an initial read of 5.36 million to 5.40 million, so relative to where we thought we were, the month-to-month decrease was "just" 9.0%.

The history of existing home sales is shown in the first … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Diageo To Buyout Cuervo?

Posted: 21 Mar 2011 11:05 AM PDT

Diageo Plc. (NYSE:DEO) is reportedly eyeing the buyout of world’s leading tequila producer Jose Cuervo. The owner of Smirnoff vodka, Diageo has valued Jose Cuervo at $2 billion for the acquisition.
London-based Diageo, and producer of premium quality spirit under famous brands such as Johnnie Walker whisky, already enjoys distribution rights for Jose Cuervo.
Diageo may have to compete with companies like Bacardi, Pernod Ricard and Brown Forman (BR.B) who might be interested in the acquisition of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Caterpillar Reports February Sales

Posted: 21 Mar 2011 11:05 AM PDT

Caterpillar Inc. (NYSE:CAT) released its February sales report, registering another strong month in terms of sale of its mining and construction equipment. The sales in the reported month increased by 59% across the globe compared with a 20% decrease during the same period last year.

Region-wise, the company reported a whopping increase of 76% in Latin America, where sales improved remarkably after declining 20% in the year-earlier period. As for the rest of the world, segment sales improved 60% … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Silver Should See Some Resistance With Bearish Divergence

Posted: 21 Mar 2011 10:56 AM PDT

At Critical 61.8% Retracement (3/19)
Silver (XAG/USD)

Short to Medium Term
- Silver did not stop at the 61.8% retracement level, and instead shot above end-of-week consolidation near 35.00.
- Now we are nearing a previous top at 36.46. However, we are seeing a bearish divergence developing in the 1H chart with an intra-day high of 36.13.
- If the market breaks below intraday pivot at 35.60, we would see a top and can anticipate a correction.
- The correction should not break below the pivot … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Five Stocks Most Overextended From 200d SMA March 21

Posted: 21 Mar 2011 10:53 AM PDT

I've written in the past about a simple screener tool that highlights the five most overextended stocks from their 200 day Simple Moving Average and how you can use the data in different ways.
Let's start with the 5 top overextended stocks as of March 21st and then see what strategies may be used:

Courtesy the Screener Tool at FinViz, we see not only the top five 'overextended' stocks, but we see a cluster of these stocks in the same Sector:  Basic Materials.
That alone gives us … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Put Player Eyes Valassis Communications, Inc. Pullback

Posted: 21 Mar 2011 10:44 AM PDT

Put player eyes Valassis Communications, Inc. pullback
Today’s tickers: VCI, EXPR, XLE & LVS
Valassis Communications, Inc. (NYSE:VCI) – Shares in the media and marketing services company increased as much as 2.2% at the start of the trading day to hit an intraday high of $28.00, but relinquished much of the morning’s gains to stand just 0.20% higher on the session at $27.46 as of 12:50pm. One bearish options strategist appears to be positioning for Valassis Communications’ shares to tumble … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: General Mills Inc.

Posted: 21 Mar 2011 10:40 AM PDT

General Mills Inc. (NYSE:GIS) is scheduled to report its third-quarter 2011 financial results on Wednesday, March 23, 2011. Currently, the Zacks Consensus Estimate is 56 cents per share and revenue is expected to be $3,708 million for the reported quarter.
Second-Quarter 2011, a Synopsis
General Mills' adjusted earnings decreased 1.3% in the second quarter 2011 to 76 cents a share compared with 77 cents in the year-ago period. The quarterly EPS was also below the Zacks Consensus Estimate of 78 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FCC Nod To Qwest-CenturyLink Merger

Posted: 21 Mar 2011 10:35 AM PDT

The pending merger between Qwest Communications (NYSE:Q) and CenturyLink Inc. (NYSE:CTL) recently received approval from Federal Communications Commission (FCC). The consent followed the companies' approval of certain terms and conditions that were set by the FCC.
The FCC has ensured that the merged company will consider public interest and provide consumer benefits such as broadband access to 2 to 2.3 million low-income customers for less than $10 a month and computers for less than $150. Further, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

UAL Finalizes Labor Contract

Posted: 21 Mar 2011 10:35 AM PDT

United Airlines, a wholly owned subsidiary of United Continental Holdings Inc. (UAL), has finalized a labor contract with the International Brotherhood of Teamsters (IBT) for 5,500 airplane mechanics of United Airlines. In October 2010, United and Continental merged to form United Continental Holdings. However, labor unions of both companies still remain disintegrated causing union disputes.
International Brotherhood of Teamsters represents one of the largest labor unions in the U.S. and has … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Air Products Raises Dividend

Posted: 21 Mar 2011 10:35 AM PDT

The industrial gas company Air Products & Chemicals Inc. (NYSE:APD) increased its quarterly dividend by 18%. The revised quarterly dividend now stands at 58 cents per share compared with the previous value of 49 cents per share. The revised dividend will be payable on May 9, 2011 to shareholders as of the close of business on April 1, 2011. This also represents the 29th consecutive year that Air Products has increased its dividend payment.
This represents the strength of Air Product's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gold In Short-term Bearish Divergence And Double Top

Posted: 21 Mar 2011 10:30 AM PDT

Bullish Continuation to 1445? (3/19)
Gold (XAU/USD)

Short to Medium Term
- Gold started the week rallying above last week's high, but pausing at 1434. In the 1H chart, we see a bearish divergence developing as well as a small double top at the 1434 clip.
- The candlestick action suggests we might be topping here for a period. The opening gap, and 1423 remains support, and the extension in a correction should not break below the 1405 pivot for swing to complete a bullish impulse wave.
- … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“This Is The Ultimate Relief Rally”

Posted: 21 Mar 2011 10:23 AM PDT

03/21/11 Sunrise Securities’ Ben Willis discusses today’s rally in US equities, and discusses the latest … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Advantages Of PBIO’s Novel Shredder System

Posted: 21 Mar 2011 10:06 AM PDT

Grant Zeng, CFA
Advantages of PBIO's Novel Shredder System to be Presented at the US HUPO Annual Meeting
On March 21, 2011, Pressure BioSciences, Inc. (PBIO) announced that data supporting multiple advantages of the Company's recently released, novel Shredder System for initial sample processing will be presented this week at the US HUPO annual meeting. The data was generated by academic and biotechnology scientists working in collaboration with researchers at PBIO.
The US Human Proteomic … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Risk And Reward Balances HAIN

Posted: 21 Mar 2011 10:05 AM PDT

The Hain Celestial Group Inc. (NASDAQ:HAIN), a leader in natural food and personal care products categories, provides an underpinning for an excellent investment through its sturdy portfolio of globally recognized brands. The stock is poised to rise as the economy gradually revives and demand for healthier and natural food improves. 

The company witnessed a growth in U.S. consumption for natural organic foods during second-quarter 2011. The company posted better-than-expected second-quarter … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Apollo Remains Neutral

Posted: 21 Mar 2011 10:05 AM PDT

We have maintained our long-term 'Neutral' recommendation on Apollo Group Inc. (NASDAQ:APOL) with a target price of $42.00 per share. Moreover, the company has a Zacks #3 Rank, implying a short-term 'Hold' rating on the stock. 

Phoenix, Arizona based Apollo Group Inc. is a leading private education service provider in the U.S. and has been in the education business for more than 35 years. Apollo Group offers innovative and distinctive educational programs and services for the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Colgate In Neutral Lane

Posted: 21 Mar 2011 10:05 AM PDT

We maintain our long-term 'Neutral' recommendation on Colgate-Palmolive Company (NYSE:CL) with a target price of $81.00 per share. Moreover, the company has a Zacks #3 Rank, implying a short-term 'Hold' rating on the stock. 

New York City-based Colgate-Palmolive Company is a global consumer products manufacturer with a distribution network spanning 200 countries. Colgate-Palmolive is the industry leader in oral care and commands market-leading positions in many personal care … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Intuit Extends Health Care Service

Posted: 21 Mar 2011 09:35 AM PDT

Recently, Intuit Inc.'s (NASDAQ:INTU) health services have been selected by St. John Providence Health System, a Detroit-based non-profit organization that owns and operates eight hospitals and over 125 medical facilities in Michigan. Financial terms of the deal were not disclosed. 

As per the terms of the deal, Intuit Health will provide St. John Providence Health System with a patient portal that will enable practicing doctors and other service providers to interact with their patients … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stress Test Results: A Ray Of Hope?

Posted: 21 Mar 2011 09:35 AM PDT

Following the release of the Federal Reserve's much-awaited stress test results on Friday, many big banks that were granted the green signal took immediate action to raise their dividends. The Fed allowed America's strongest banks that have passed the second round of stress tests to operate independently without strict government restrictions that were imposed during the height of financial crisis in 2008.

These banks can now increase dividends and buy back shares, both of which were … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Coach Closes 20 Stores In Japan

Posted: 21 Mar 2011 09:35 AM PDT

Multinationals operating in Japan began the act of nursing their wounds caused by the earthquake and tsunami that ripped apart the northeastern part of the country. Following the tremor, most of the companies discontinued their organizational operations in Japan and began the process of evacuating their employees from the grief stricken areas. Coach Inc. (NYSE:COH), the designer and marketer of fine accessories and gifts, closed about 20 Coach stores, after the catastrophe. 

The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Yen Slide Continues On Intervention Speculaiton

Posted: 21 Mar 2011 09:30 AM PDT

Dell: Inspiron R Series Hits Stores

Posted: 21 Mar 2011 09:10 AM PDT

Dell Inc. (NASDAQ:DELL) added another feather to its cap. The PC maker recently unveiled a series of refreshed Inspiron R laptops, which hit stores on March 17. The new entrant into the Inspiron laptop family will lure customers with its look and service. 

The gadget will sport Intel Corp.'s (NASDAQ:INTC) latest Sandy Bridge processor, as well as interchangeable lids. Inspiron R will be available in 14-inch, 15-inch and 17-inch display sizes, with prices ranging from $529.99 to $579.99. With the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDCHF Remains Down As Flight To Safety Remains The Theme

Posted: 21 Mar 2011 09:06 AM PDT

As long as there remains a flight to safety idea in place, the USDCHF remains the place to go.  Libya, Japan, debt issues are three main topics that keep the pair near the bottom of the trading range.  The price moved below trendline support last week at the 0.9139 level and will need to move back above this trendline in order to solicit additional short covering.

Looking at the hourly chart, the price moved off the low last week on the back of intervention in the JPY by the global … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Tiffany Shines, Japan Dims Outlook

Posted: 21 Mar 2011 09:05 AM PDT

Tiffany & Company (NYSE:TIF) posted better-than-expected fourth-quarter 2010 results buoyed by improved demand for luxury items worldwide. The quarterly earnings of $1.44 per share surpassed the Zacks Consensus Estimate of $1.39, and rose substantially from $1.09 earned in the prior-year quarter.
The Zacks Consensus Estimate rose by a penny over the last 30 days with only one out of 15 analysts covering the stock revising the estimate upward. On a reported basis, including one-time items, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Netflix Bags “House Of Cards”

Posted: 21 Mar 2011 09:05 AM PDT

Netflix Inc. (NASDAQ:NFLX) has obtained the exclusive Internet streaming rights for the upcoming 26-episode drama called "House of Cards". The deal demonstrates the growing influence of Netflix in Hollywood for delivering a unique home entertainment experience to its 20 million subscribers.
The exact figure paid by Netflix to Media Rights Capital, the producer of the show, has not yet been disclosed. However, the payment made by Netflix is believed to be roughly $100 million. Netfilx has … [visit site to read more] or compare Best Credit Cards and Best CD Rates

IBM Settles Bribery Claims

Posted: 21 Mar 2011 09:05 AM PDT

International Business Machines Corp. (NYSE:IBM) has agreed to pay $10 million to settle claims related to the alleged bribery charges by the US Securities and Exchange Commission (SEC). IBM was accused of bribing South Korean and Chinese government officials for winning contracts.
The SEC alleged that IBM had paid $207,000 as bribes to South Korean officials from 1998 to 2003 to secure a $21 million contract for selling mainframes and personal computers to the government. .
The alleged payments … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Qualcomm Acquires Merger Approval

Posted: 21 Mar 2011 08:35 AM PDT

Qualcomm Inc. (NASDAQ:QCOM), the largest global manufacturer of mobile phone chipsets, has received the merger approval from the shareholders of Atheros Communications Inc. (NASDAQ:ATHR).
Earlier this year, Qualcomm entered into an agreement to acquire the leading Wi-Fi chip maker Atheros Communications, Inc. (ATHR) for roughly $3.3 billion or $45 per share in cash. This acquisition will be the largest in the history of Qualcomm.
On March 18, 2011, shareholders of Atheros held a special meeting relating … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Word From The Floor: US Stocks Soar On Telecom Deal

Posted: 21 Mar 2011 08:30 AM PDT

03/21/11 The Dow and S&P top key technical levels. In M&A news, AT&T will acquire T-Mobile USA from Deutsche Telekom … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Equifax To Aid ICE Training

Posted: 21 Mar 2011 08:25 AM PDT

Leading proprietary financial database provider Equifax Inc. (NYSE:EFX) recently announced that it will work in association with the U.S. Immigration and Customs Enforcement (ICE) for the upcoming complimentary ICE Mutual Agreement between Government and Employers (IMAGE) training sessions at the Criminal Information Clearinghouse in Los Angeles.
 
The TALX segment of the organization has been called upon to present its IT know-how to enhance the quality of the educational workshop. At the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Research In Motion

Posted: 21 Mar 2011 08:25 AM PDT

Research In Motion Ltd. (NASDAQ:RIMM) is slated to release its fourth quarter 2011 results on Thursday, March 24, after the closing bell. The current Zacks Consensus Estimate for the fourth quarter is pegged at $1.75, representing an annualized growth of 37.66%.
With respect to earnings surprise, over the trailing four quarters, Research In Motion Ltd. has outperformed the Zacks Consensus Estimate for all the three quarters except one quarter, where the Zacks Consensus Estimate was above the actual … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: Caution

Posted: 21 Mar 2011 08:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian Dollar: Caution

Posted: 21 Mar 2011 08:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Asian Buying Lifts Corn Futures

Posted: 21 Mar 2011 08:18 AM PDT

Today’s Idea
The recent purchases by both China and South Korea highlight that there is still good global demand for Corn, despite the relatively high historic price level for old-crop Corn. With U.S. Corn acreage expected to increase this year, this could set up a situation where old-crop Corn trades at a large premium to the new-crop Corn contract. Some traders who are looking for this scenario to play out this coming year may wish to explore buying old-crop Corn and selling new-crop Corn. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

USD/CAD Double Top; 0.9575 Swing Projection; Elliott Wave Count

Posted: 21 Mar 2011 08:17 AM PDT

USD/CAD Could be Done with ABC Correction (3/15)
USD/CAD

Short-term to Medium-term
- The USD/CAD can be seen breaking below a double top in the 4H chart. The wave count should probably be a completed ABC correction, to be followed by bearish impulse wave development.
- There is still a slight chance, especially if the market fails to break below 0.9730, that a bullish rally can be stringing 2 impulse waves together to complete a larger ABC correction that would test the 1.0 with stronger … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Disaster Aversion Sends Bonds Packing

Posted: 21 Mar 2011 08:15 AM PDT

Treasury bonds and notes saw an acceleration of losses as equity prices staged a strong rebound and the U.S. Treasury said it would edge towards the exit by selling mortgage backed securities. The demand for government-issued paper eased as the Japanese government said it could see “light at the end of the tunnel” believing that power sources would soon be restored to overheating nuclear reactors damaged in the wake of the tsunami.
Eurodollar futures – It’s a Tokyo holiday but the news flow has … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Word From The Floor: US Stocks Soar On Telecom Deal

Posted: 21 Mar 2011 08:00 AM PDT

03/21/11 The Dow and S&P top key technical levels. In M&A news, AT&T will acquire T-Mobile USA from Deutsche Telekom … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/CHF In Diagonal Triangle And Possible Wave (v) In Short-term Count

Posted: 21 Mar 2011 07:51 AM PDT

The Euro is Resilient (3/14 Video)
EUR/CHF

Short-term
- The EUR/CHF looks to be developing a terminal wave in the 1H chart. The diagonal triangle if broken to the downside, suggests completion of wave (v), and 3.
- The subsequent decline should not break below an important pivot at 1.2675. Then we can confirm a bullish impulse wave. The 1.2950 area will have a resistance cluster so that can be target for the current impulse wave. We can anticipate another impulse wave to develop next … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Trades Above $104 On Libya

Posted: 21 Mar 2011 02:20 AM PDT

03/21/11 With Western Powers striking Libya over the weekend, investors appeared focused on supply concerns to start off the new trading week. Therefore allowing front month crude prices to trade above $104 a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Sceptre Leisure Pulls In New Gaming Machine Contracts With Brewery Groups

Posted: 21 Mar 2011 03:39 AM PDT

Gaming machine operator Sceptre Leisure (LON:SCEL) has picked up a new £1.5m contract with pub chain Daniel Thwaites plc (PLUS:THW). The two year deal will see Sceptre supply more than 450 machines to around 50% of Thwaites' managed and tenanted estate. It follows a contract win last month for Sceptre to supply 200 machines to Cardiff-based brewer SA Brains. Today's news moved the Sceptre Leisure share price up by half a penny to 18p.

Ken Turner, Sceptre's chief executive, said: "The … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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